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  • Drew Dowdell
    Drew Dowdell

    Lordstown Motors Still Wants To Acquire GM Plant

      ...still wheeling and dealing...

    Lordstown Motors, the outfit affiliated with the hybrid truck manufacturer Workhorse is still aiming to buy the Lordstown assembly facility from General Motors. They have been in talks with GM since the summer and are aiming to build their headquarters in Lordstown because of the availability of the workforce. It would not just include manufacturing, but sales, human resources, and engineering positions would be there too. 

    The plant would be a hub for electric vehicle manufacturing.  They want to design and supply EV components not just to GM, but to many manufacturers. Wiring harnesses, electric motors, and other components would all be manufactured at the plant alongside the trucks they intend to build. Along with the workers, LM says that the existing GM supply chain is an advantage as well. 

    Hyperion, a company preparing hydrogen fuel cell vehicles, has signed on as a partner. They are preparing their prototypes and will likely be shown to the public sometime next year. 

    One hiccup now is the talks between the UAW and General Motors. As part of the deal in the works, GM would re-open Lordstown as a battery plant. If that happens, Lordstown Motors would need to find another local facility to locate themselves. 



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    4 minutes ago, Drew Dowdell said:

    They do.

    OK, then they can sell one of them to this group if they can come up with the funds. 😛 

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    2 hours ago, dfelt said:

    OK, then they can sell one of them to this group if they can come up with the funds. 😛 

    Exactly.  GM could use some extra green and the market could use a new EV competitor with its own plant.

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      General Motors and LG Chem are joining forces to invest $2.3 billion in a new battery plant near its old Lordstown Assembly complex in Lordstown, Ohio.  The deal is a 50/50 partnership between GM and LG Chem and will create 1,100 jobs in the area. 
      Construction of the plant will begin mid-2020 at a greenfield former manufacturing site. The employees will work for the joint-venture and will not be direct GM employees. Initially, the plant will solely supply batteries for GM vehicles, though with a maximum capacity of 30 gigawatt-hours annually, the company could expand to supply other manufacturers as well.
      GM and LG Chem are forming this joint venture in an attempt to bring down the unit cost of batteries for future vehicles. The plant's capacity, once completed, will be among the largest in the world. 
      General Motors has said it wants to introduce 20 electric vehicles globally by 2023. 

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